Cybersecurity

One of the most prominent challenges facing global businesses today surrounds the deluge of massive data growth and the risk it presents to companies as the management issues of this data take shape.

A typical data breach costs an average of $2.4M to investigate and recover from, according to Forrester Research.

Social engineering attacks rely on humans to succeed and organizations must focus on training that includes simulation exercises to mitigate risks.

Insurance carriers have an obligation to safely dispose of policyholder data that no longer serves a legitimate business purpose.

Insurers who write cyber liability policies are well-equipped to manage cyber claims, but what about carriers and adjusters who face such claims under more traditional policies?

Insurance fraud perpetrators are often intelligent, well-organized criminals who capitalize on carrier weaknesses.